Westonci.ca is your go-to source for answers, with a community ready to provide accurate and timely information. Our platform provides a seamless experience for finding reliable answers from a knowledgeable network of professionals. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

the holmes company's currently outstanding bonds have an 8% coupon and a 12% yield to maturity. holmes believes it could issue new bonds at par that would provide a similar yield to maturity. if its marginal tax rate is 25%, what is holmes' after-tax cost of debt? round your answer to two decimal places.